Last Updated on 03/10/2022
Opportunities for Istanbul real estate: Nisantasi Neighborhood
Istanbul real estate market has always been an appealing sector not only for local investors but also for international ones. Especially, the year 2022 has been one of the edge times in real estate sector history. this is due to the variety of options and the potential investment opportunities that keep its value in spite of the economic fluctuations.
Nisantasi, is one of the prominent neighborhoods in Istanbul, whose value keeps growing every day.
Nisantasi, a masterpiece in Istanbul real estate
Situation of Nisantasi
Nişantaşi is located on the European side of Istanbul, belonging to Sisli district. This bustling shopping center, which is divided from Osmanbey and Pangalt to the west by the busy Halaskargazi Caddesi, is home to several shops, department stores, cafés, bars, restaurants, and nightclubs. Luxurious apartment buildings from the late 19th and early 20th centuries still line many of the streets. Consequently, this historical value allowed the district to attribute a high value and to be a promising hub in Istanbul real estate.
History of Nisantasi
Nisantasi was well-known as a place where the palace’s elite would go to practice archery and marksmanship until the 19th century. Yet, Sultan Abdulmajid had both a conventional Islamic background and a Western education as a child. Therefore, he aimed to transform Istanbul into one of the most cutting-edge and distinctive cities on the entire globe.
Thus, he decreed the Dolmabahçe Palace in Beşiktas to serve as the main residence of the Ottoman sultans. While he allowed the construction of new homes in Nişantaşi to create a new community. It quickly developed into an upscale neighborhood with mansions and palaces reserved for Istanbul’s wealthy and nobility.
Nisantasi, a valuable luxurious neighborhood in Istanbul real estate
High-class population
Nisantasi is the center of life in Istanbul, excelling in every aspect. Yet, the high standard of its inhabitants is one of the most characteristical facts. It was once a seat for the aristocracy and elders of the Ottoman Empire. Likewise, it is still home to the wealthiest foreign communities in Istanbul. The region has received international recognition for its superior living conditions and vibrant local social scene, and it is also home to the elite of Turkish society. Therefore, Nisantasi became one of the most upscale alternatives in Istanbul real estate both in a matter of cost and value. In fact, compared to its neighboring areas like Bomonti, which also presents attractive investment opportunities, buying a property in Nisantasi would require a higher budget.
Various shopping facilities with fancy brands
Nisantasi is one of Istanbul’s top fashion districts. It is home to upscale fashion houses, global brands, and well-known designer boutiques. Shops and restaurants are mainly in the bustling neighborhood of Nisantasi on Tesvikiye Street and Abdi Ipekci Street, respectively.
Moreover, Nisantasi is known as Istanbul’s “ Champs-elysées” as it offers a distinct retail model from the typical bazaars in the city. Along with modern shopping and leisure options, it has also developed a variety of cutting-edge clinics and hospitals, including the American Hospital.
All these factors made Nisantasi one of the most privileged areas and preferred neighborhoods in Istanbul real estate market, especially for the elite population and wealthy people.
Luxurious cafes and restaurants
Nisantasi hosts some of the most lively and prominent restaurants and cafes, which serve the tastiest food in a chic and opulent setting. The most well-known eateries are found on Tesvikiye and Abdi Ipekci Streets, as well as the open-air eateries on Atiye Street.
Moreover, Nisantasi constitutes a global food and beverage powerhouse. Indeed, you can find international restaurants selling food from all over the world, including Mexican and Asian cuisine.
Fine diners are lined up side by side, all along the district each presenting expert-style cuisine from various parts of the world. Moreover, some restaurants are for their interior design as much as their food. Their opulent interior decors create a cozy environment next to a classic fireplace, between crystal-studded columns, and beneath the shade of lovely artworks.
Upscale second-hand opportunities in Istanbul real estate
As we already explained, Nisantasi neighborhood is the luxurious beating heart of Istanbul with a fancy Parisian spirit. Moreover, it is home to many luxurious buildings that used to be the residences of Ottoman elite people. Therefore, these residences whose historical, architectural, and urban values increase every day won’t be replaced by new residential projects. Consequently, it is almost impossible to find brand-new constructions in Nisantasi. Therefore, the neighborhood includes the most valuable second-hand opportunities in the city. Yet, most of the existing buildings got adjustments according to the current life standards with comfortable features and innovative materials.
However, we should point out that buying a property in this neighborhood necessitates a high budget. But it is a perfect alternative for wealthy investors on different scales. People who look for a suitable place to live in that match their fancy lifestyle will get their satisfaction in Nisantasi. Likewise, we highly recommend Nisantasi to those who look for a profitable investment opportunity. Indeed, the value of Nisantasi’s properties increases every single day.
If you consider investing in Istanbul real estate sector, especially in the resale market you should keep an eye on our blog section. The experts at MEO Consultants will give you access to a more thorough series of articles that will explain and analyze the best locations for real estate resale prospects in Istanbul. Yet, you can get further information upon request through a risk-free initial consultation. Meanwhile, you can learn more about our services.
